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Sep 29, 2012 5:30am EDT
economy as each business we works with saves money, retains jobs and creates jobs for the economy that we are all a part of. thank you very much i look forward to our next meeting. >> i like that clothes, nathan. that was good. i knew you were going to be well-spoken. nice job. to you guys who work very much in this field, let's hear how you thought the elevator pitch went. jim? what do you think? >> i think it is a noble effort and i think there is a lot of need out there. i would ask questions about your cost structure, how many businesses will you get through the program and what their success rate will be like. those questions are going to be important to answer, especially if it is from investors or if it is from philanthropic folks. >> thank you very much. >> i agree. there are a lot of good points here. i think what's really critical is to look at the roi from different perspectives so you have got almost a student perspective. what are students gaining from this? the educational piece, the experien experience engs learning is huge. >> thank you for all of your advice on this. >
Sep 30, 2012 4:30am PDT
we are, we are out of recession but the economy is stagnant. >> when to ask for funding. >> is it a good idea for us to borrow money from the bank before the savings are depleted or should we wait, should we continue to burn through those and to live zero left? >> i think you never want to hit zero. >> yes. to answer this question, i guess the first thing that comes to mind is you have to think about the likelihood of failure. failure two years out, three years out, four years out. you have to think about, you know, who is going to get hurt the most in this? what's very hard for people who start businesses that don't get outside investors is that it's their savings. they feel the failure more than if they had a venture capital backer. if you borrow money from friends and family, they may suffer. >> you should be talking to people about getting money if you need it, don't get down to the wire. >> i say business is like dating. you never want to be desperate. if you have the chance now, while you are ahead to get padding room, you are not only creating a cushion for yourself, but deve
Search Results 0 to 3 of about 4 (some duplicates have been removed)